Response to the following problem:
Choose six actively traded shares for inclusion in your investment portfolio. Assume the portfolio was created three years earlier by purchasing 200 shares of each of the six shares. Find the acquisition price of each share, the annual dividend paid by each share, and the year-end prices for the three calendar years. Record for each share its total cost, cost per share, current price per share and total current value at the end of each of the three calendar years.
a. For each of the three years, find the amount invested in the portfolio.
b. For each of the three years, measure the annual income from the portfolio.
c. For each of the three years, determine the unrealised capital gains from the portfolio.
d. For each of the three years, calculate the portfolio's HPR, using the values in parts a, b and c.
e. Use your findings in part d to calculate the average HPR for the portfolio over the three-year period. Discuss your finding.